Pied-à-terre

[3] Pieds-à-terre attracted discussion during the 2010s in Paris and New York, where they are argued to cause a reduction in the overall housing supply.

[6] In 2014, The New York Times reported 57% of units on one three-block stretch of midtown Manhattan were vacant over half of the year.

[8] However, a 2019 bill in the New York State Assembly that would place a recurring tax on luxury pieds-à-terre was blocked after intense pressure from real estate developers and their lobbyists.

[9] In the Parisian real estate market, mini-apartments measuring a few square meters often less than 8 m2 are sold or rented to people who work or study in Paris during the week but live elsewhere.

As of 2010, French cities with more than 200,000 inhabitants have a minimum one-year lease for apartments in order to crack down on pieds-à-terre that are offered as short-term rentals.